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Financial Statements Quarterly (10-Q)
Showing 5 of 42 quarterly reports available
Breakdown Q1 2026
(Sep 30, 2025)
Q1 2025
(Jun 30, 2025)
Q4 2025
(Jun 30, 2025)
Q3 2025
(Mar 31, 2025)
Q2 2025
(Dec 31, 2024)
+ Total Revenue $29.79M $34.42M $28.84M $28.50M $31.16M
Revenue Growth % (YoY) -13.4% nan% nan% nan% nan%
Cost of Revenue $16.45M $19.95M $17.30M $16.10M $17.88M
+ Gross Profit $13.35M $14.47M $11.54M $12.40M $13.28M
Gross Margin % 44.8% 42.1% 40.0% 43.5% 42.6%
Operating Expenses $14.87M $16.60M $14.67M $15.98M $15.44M
Research & Development $4.60M $4.96M $4.19M $4.46M $4.98M
Selling General & Admin $9.54M $9.50M $9.01M $8.96M $8.81M
+ Operating Income $-1.53M $-2.13M $-3.13M $-3.58M $-2.16M
Operating Margin % -5.1% -6.2% -10.9% -12.6% -6.9%
Other Income/Expense $183.00K $-37.00K $-52.00K $-19.00K $8.00K
Income Before Tax $-1.36M $-2.28M $-3.29M $-3.76M $-2.28M
Income Tax Expense $42.00K $218.00K $-662.00K $111.00K $94.00K
+ Net Income $-1.40M $-2.50M $-2.63M $-3.87M $-2.37M
Net Margin % -4.7% -7.3% -9.1% -13.6% -7.6%
Basic EPS -0.04 -0.07 -0.06 -0.10 -0.06
Diluted EPS -0.04 -0.07 -0.06 -0.10 -0.06
Basic Shares Outstanding 39.2M 38.0M 120K 38.8M 38.6M
Diluted Shares Outstanding 39.2M 38.0M 120K 38.8M 38.6M
Breakdown Q1 2026
(Sep 30, 2025)
Q1 2025
(Jun 30, 2025)
Q4 2025
(Jun 30, 2025)
Q3 2025
(Mar 31, 2025)
Q2 2025
(Dec 31, 2024)
Cash & Cash Equivalents $22.19M $26.39M $20.10M $20.00M $19.21M
Accounts Receivable $21.93M $30.80M $25.09M $23.65M $30.47M
Inventory $26.75M $29.53M $26.37M $28.15M $29.07M
Total Current Assets $74.42M $92.62M $77.39M $76.46M $85.55M
Property Plant & Equipment $2.11M $3.64M $2.46M $2.77M $3.15M
Goodwill $31.09M $27.82M $31.09M $31.09M $30.49M
Intangible Assets $3.14M $4.00M $3.74M $4.31M $4.91M
Other Non-current Assets $693.00K $607.00K $624.00K $584.00K $683.00K
Total Assets $119.57M $137.86M $123.72M $124.19M $134.22M
Accounts Payable $9.63M $17.15M $13.26M $11.01M $15.97M
Short-term Debt - $3.07M - - -
Deferred Revenue - $3.30M - - -
Other Current Liabilities $11.26M $11.86M $10.62M $10.59M $11.44M
Total Current Liabilities $24.72M $35.51M $30.42M $28.57M $33.44M
Long-term Debt $10.66M $12.41M $8.68M $9.46M $11.63M
Other Non-current Liabilities $9.73M $11.01M $10.24M $10.69M $11.24M
Total Liabilities $45.12M $58.93M $49.34M $48.72M $56.31M
Common Stock $4.00K $4.00K $4.00K $4.00K $4.00K
Retained Earnings $-235.79M $-225.52M $-234.39M $-231.76M $-227.90M
Total Stockholders Equity $74.45M $78.93M $74.38M $75.47M $77.91M
Total Liabilities & Equity $119.57M $137.86M $123.72M $124.19M $134.22M
Breakdown Q1 2026
(Sep 30, 2025)
Q1 2025
(Jun 30, 2025)
Q4 2025
(Jun 30, 2025)
Q3 2025
(Mar 31, 2025)
Q2 2025
(Dec 31, 2024)
Net Income $-1.40M $-2.50M $-2.63M $-3.87M $-4.87M
Depreciation & Amortization $446.00K $543.00K $466.00K $1.62M $1.12M
Stock-based Compensation $1.77M $1.60M $1.50M $4.63M $1.51M
Change in Receivables $-3.17M $-478.00K $1.44M $-7.63M $-1.71M
Change in Inventory $402.00K $1.83M $-1.74M $-300.00K $400.00K
Change in Payables $-3.65M $6.79M $2.24M $650.00K $5.41M
Operating Cash Flow $3.60M $2.66M $1.05M $6.23M $3.00M
Capital Expenditure $74.00K $157.00K $143.00K $362.00K $241.00K
Investing Cash Flow $-74.00K $-157.00K $-143.00K $-6.82M $-6.70M
Debt Repayment $1.11M - - - -
Stock Issued - $19.00K $137.00K $220.00K $220.00K
Financing Cash Flow $-1.44M $-2.35M $-810.00K $-5.65M $-3.33M
SEC Filing Format - Data shown as it appears in the Q1 2026 (10-Q) filing Period ended: Sep 30, 2025
Condensed Consolidated Statements of Operations
Description Sep 30, 2025
Current Prior Year
Total Revenue $29.79M $34.42M
Cost of Revenue $16.45M $19.95M
Gross Profit $13.35M $14.47M
Operating Expenses $14.87M $16.60M
Research & Development $4.60M $4.96M
Selling General & Admin $9.54M $9.50M
Operating Income $-1.53M $-2.13M
Other Income/Expense $183.00K $-37.00K
Income Before Tax $-1.36M $-2.28M
Income Tax Expense $42.00K $218.00K
Net Income $-1.40M $-2.50M
Basic EPS -0.04 -0.07
Diluted EPS -0.04 -0.07
Basic Shares Outstanding $39.19M $38.02M
Diluted Shares Outstanding $39.19M $38.02M
Condensed Consolidated Balance Sheets
Description Sep 30, 2025 Jun 30, 2025
Cash & Cash Equivalents $22.19M $20.10M
Accounts Receivable $21.93M $25.09M
Inventory $26.75M $26.37M
Total Current Assets $74.42M $77.39M
Property Plant & Equipment $2.11M $2.46M
Goodwill $31.09M $31.09M
Intangible Assets $3.14M $3.74M
Other Non-current Assets $693.00K $624.00K
Total Assets $119.57M $123.72M
Accounts Payable $9.63M $13.26M
Other Current Liabilities $11.26M $10.62M
Total Current Liabilities $24.72M $30.42M
Long-term Debt $10.66M $8.68M
Other Non-current Liabilities $9.73M $10.24M
Total Liabilities $45.12M $49.34M
Common Stock $4.00K $4.00K
Retained Earnings $-235.79M $-234.39M
Total Stockholders Equity $74.45M $74.38M
Total Liabilities & Equity $119.57M $123.72M
Condensed Consolidated Statements of Cash Flows
Description Sep 30, 2025
Current Prior Year
Net Income $-1.40M $-2.50M
Depreciation & Amortization $446.00K $543.00K
Stock-based Compensation $1.77M $1.60M
Change in Receivables $-3.17M $-478.00K
Change in Inventory $402.00K $1.83M
Change in Payables $-3.65M $6.79M
Operating Cash Flow $3.60M $2.66M
Capital Expenditure $74.00K $157.00K
Investing Cash Flow $-74.00K $-157.00K
Debt Repayment $1.11M $779.00K
Stock Issued - $19.00K
Financing Cash Flow $-1.44M $-2.35M

All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-Q filings.

Quarterly data represents single quarter results (Q1-Q4). Some items may show year-to-date values if quarterly breakdown is unavailable.

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